3D Printing Market Growing With The Growth of End Users Industry

Introduction

3D printing is a process of making three dimensional solid objects from a digital file using a 3D printer. According to Knowledge Sourcing Intelligence, a market research company 3D printing has been segmented by component, technology, and geography. Based on component the market has been segmented into hardware, software, services, and material. By technology, the market has been classified into vat photopolymerization, metal extrusion, material jetting, binder jetting, direct energy deposition, powder bed fusion, and sheet lamination. On the basis of end-user, the market is segmented as healthcare, automotive, aerospace and defense, construction, and others. Geographically, the global market has been broken down into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific regions.

Drivers of 3D Printing Market

The market of 3D printing is driven by the growth of the end-user industries like consumer electronics, healthcare and automotive among others. Growing demand for advanced technologies that can streamline the development process and also help in increasing the profit margin to reduce the operational cost is boosting the 3D printing market growth. Increasing investments in research and development for technological advancements and product launches are increasing the 3D printing market size.

Market Segmentation    

                                                      

Geographically, the 3D North America holds a substantial share in the global 3D printing market share. The market share is projected on account of presence of a large number of key players and early adoption of new technology in the region. US holds major share of the North America region. Europe region is also projected to hold a significantly large share in this market owing to the increasing demand for these printers from end-user industries such as healthcare, automotive, and consumer electronics among others. Asia Pacific region is expected to grow at a rapid pace in the coming years.

The medical segment is expected to have a significant market share. 3D printing techniques are used in medical sector as it helps in combining cells, works a growth factor, and biomaterials by fabricating biomedical parts to enhance characteristics of natural tissue to the maximum extent. The technology is growing in the healthcare industry due to the benefits offered by it such as efficiency, cost-effectiveness, and convenience.

According to competitive intelligence is done by Knowledge Sourcing Intelligence, 3D printing market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirements. As a result, they are increasingly integrating with other players. The key players include Stratasys Ltd., The Exone Company, Ultimaker BV, Xjet, HP, Materialise, SLM Solutions Group, Sciaky, Mcor Technologies Ltd., Optomec, DWS, 3DCERAM SINTO, Luxexcel Group, EnvisionTEC, and Arcam EBM among others.

Key Questions Answered in This Report:

•          What are the key regions having a significant market share of the global 3D printing market?
•          What are the drivers of the market?
•          Who are the key market players in the market?
•          What is market segmentation of the 3D printing market?
•        Who are the end-users of the 3D printing market?